Word: euros
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Over the past two years, chief executives of 17 of the euro zone's 50 biggest public companies have been replaced, with almost half leaving under pressure. (That number doesn't include a cluster of large British, Swiss and Swedish firms where heads have also rolled.) Those include financial giants like Germany's Allianz and Credit Suisse of Switzerland; media titans, such as France's Vivendi Universal and Germany's Bertelsmann; and a bevy of telecom behemoths, such as France Telecom, Deutsche Telekom and Britain's Cable & Wireless...
...Anyone in Europe looking at this result will think it's a printing error." FRANZ BECKENBAUER, former star player and later head coach of Germany's national football team, after the Euro 2004-bound Germans were humiliated 5-1 by Romania?a side that few had expected to stand a chance in the match
...soft-focus, Garbo could have bathed in it. The Saddest Music in the World, based on a script by Kazuo Ishiguro (author of The Remains of the Day), is Maddin's first superproduction. It boasts a $2.5 million budget and a few actors you may have heard of: Rossellini, Euro-Kewpie Maria de Medeiros and Mark McKinney from The Kids in the Hall...
...reference point, internationally acknowledged by millions of men and women," say designers Domenico Dolce and Stefano Gabbana. "We are inspired by his positiveness, by his beauty, for being an excellent athlete." Now that's metrosexual. --By MARIAN SALZMAN, trend-spotting author and chief strategy officer for the ad agency Euro RSCG Worldwide
...caught in the pincers of economic stagnation and growing public dissatisfaction. Efforts to nurture growth and job creation by cutting taxes and employee payroll charges and tightening pension schemes have done little more than further bloat France's budget deficit well beyond the 3% of gdp limit imposed by euro membership. Even the effectiveness of earlier attempts to attack unemployment remains a hot topic. Earlier this month conservative parliamentarians issued a scathing report denouncing the nation's 35-hour workweek, introduced in 2000 by the Socialist government and designed in part to encourage hiring. The study countered contentions that...